Flex Workshop with
34227 Industrial Street, Soldotna, AK 99669
For Sale
$478,500
Commercial Sale, Soldotna, AK
Property Size1,950 SF
Lot Size3.00 Acres
Price / SF$245.38
Days on Market110
Property Features for 34227 Industrial Street
General Information
Property type
Property subtype
Zoning
Parking
Directions
Subdivision
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Description
Legal Description
Utilities
Sewer type
Heating system
Water source
Building Details
Year built
Floors in Building
Flooring type
Building materials
Roof type
Listing Agency:
EXP Realty, LLC
(907) 519-0095
Listed By:
Katie Uei · License AK #18597
(907) 398-3864
Added: Jul 24
Changed: Oct 29
Last Checked: Nov 10 at 7:06AM
MLS# 26-9304
Copyright © 2026 Alaska Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This flex unit provides 1,950 square feet, with a 49-by-30-foot shop and a 16-by-30-foot mezzanine. The mezzanine has plumbing in place for a kitchen, while the main level includes a full bathroom with a walk-in shower and storage beneath the stairs. Radiant natural-gas floor heat serves the unit, which has its own gas and electric meters.
The property is at 34227 Industrial Street in Soldotna, near the beginning of Funny River Road. Bank fishing at the Kenai River Center is within walking distance, and Centennial Park’s public boat launch and Soldotna amenities are nearby.
The property is at 34227 Industrial Street in Soldotna, near the beginning of Funny River Road. Bank fishing at the Kenai River Center is within walking distance, and Centennial Park’s public boat launch and Soldotna amenities are nearby.
Key Highlights
- 1,950‑square‑foot flex unit with a 49‑by‑30‑foot shop
- 16‑by‑30‑foot mezzanine has plumbing in place for a kitchen
- Full bathroom with walk‑in shower; under‑stair storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,669
Cap Rate
7.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$673,380
$673.4K
Cap Rate 7%
$480,986
$481.0K
Cap Rate 9%
$374,100
$374.1K
Market Conditions
NOI Build-Up for 1,950 SF
Gross rent
$54.8K $28.08/SF
− Vacancy
−$3.0K −$1.52/SF
EGI
$51.8K $26.56/SF
− OpEx
−$18.1K −$9.30/SF
NOI
$33.7K $17.27/SF
Area
Kenai Peninsula County, AK
Vacancy
5.40%
Lease Rate
$28.08 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$673,380
Cap Rate 7%
$480,986
Cap Rate 9%
$374,100
Alternative Uses
Best Use
Flex RnD
$481.0K
$420.9K – $561.2K
NOI $33,669 @ 7.0% cap · market cap 7.04%
Second Best
Warehouse
$209.2K
$183.1K – $244.1K
NOI $14,645 @ 7.0% cap · market cap 3.06%
Theoretical Best
Office A
$571.0K
$499.6K – $666.1K
NOI $39,967 @ 7.0% cap · market cap 8.35%
Zoning and permitted uses should be independently verified with authorities.
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Yes
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Location Intelligence
Demographics for 99669, AK
15,531
Population
8,221
Households
1.9
Avg Household Size
41
Median Age
28%
College-Educated
94%
High-School Grad
244.7 sq mi
ZIP Area
63
Density / Sq Mi
$84,133
Median Household Income
$44,918
Median Earnings
$1,205
Median Rent
$304,000
Median Home Value
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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Flex space - A private shop unit includes dedicated utility meters, natural-gas radiant floor heat, and a full bathroom.
Where is this flex space located?
The property is located at 34227 Industrial Street Soldotna, AK.
What is the asking price?
The asking price for this property is $478,500.
What are key features of this property?
This property features: 1,950‑square‑foot flex unit with a 49‑by‑30‑foot shop; 16‑by‑30‑foot mezzanine has plumbing in place for a kitchen; Full bathroom with walk‑in shower; under‑stair storage
